Krungthai Card Public Co. Ltd. · SET:KTC
Krungthai Card Public — FY2020 Earnings Presentation
19 slides from Krungthai Card Public's earnings presentation, 2021
Slide 1: KTC Performance Y2020
Se KTC Performance Y¥2020 bsi. Welle yet Tr AA- ail: AAAAA
Slide 2: Agenda
AGENDA Section 1 KTC Business Overview Consumer Finance Industry & KTC Portfolio 2 Performances • Credit Card Business • Personal Loan Business 3 KTC New Business 2
Slide 3: The year 2020
The year 2020 January >> February March April Credit Card Spending COVID-19 Lock Down Credit Card Spending 10% -36% Industry 6.2% Industry -40% KTC Portfolio The government issued an Emergency Decree to control the Credit card 10.2% situation from 26 March onwards. Personal loan 9.5% Section 1: KTC
Slide 4: BOT announcement of interest ceiling reduction
BOT announcement of interest ceiling reduction Effective on 1 August 2020 Credit card Personal loan Personal loan Auto Title Loan Loans with revolving With installment credit lines 18% 28% 28% 28% 16% 25% 25% 24% 4
Slide 5: KTC P Berm
KTC P Berm In search for new lower risk businesses. KTC has launched an Auto Title Loan business, "KTC P Berm", which provides services including car registration loans and motorcycle loans since September 2020 5
Slide 6: KTC Performance 2020 Summary
KTC Performance 2020 Summary 6.3% Total Portfolio Credit card (YoY) Card Spending 3.4% 5.1% (YoY) Industry Personal loan (YoY) -7.7%(YoY) -12.8% (YoY) Net Profit -3.5%(YoY) 1.3% Credit card NPL COF NIM 2.7% Personal loan 1.8% 2.7% 14.7% 6
Slide 7: Agenda
AGENDA 1 KTC Business Overview Section Consumer Finance Industry & KTC Portfolio Performances 2 • Credit Card Business • Personal Loan Business 3 KTC New Business 7
Slide 8: Market Share
Market Share CREDIT CARD PORTFOLIO PERSONAL LOAN PORTFOLIO 60.5% 61.1% 60.7% 39.5% 38.9% 39.3% 61.2% 56.4% 56.1% 12.2% 12.4% 13.4% 2018 2019 2020 43.6% 43.9% Commercial Banks Non-Banks KTC 38.8% CREDIT CARD SPENDING 7.0% 5.0% 5.2% 65.2% 65.3% 65.3% 34.8% 34.7% 34.7% 2018 2019 2020 11.2% 11.3% 12.0%
Slide 9: Number of Cards
Number of Cards NUMBER OF CARDS % GROWTH (YoY) Million Cards 10.1% 2.58 6.9% 2.51 8.7% 5.2% 2.6% 2.39 2.3% 2018 2019 2020 Industry KTC ACQUISITION CHANNELS OF NEW APPLICATIONS 5% 5% 4% 18% 15% 15% 40% 46% 44% 37% 35% 37% 2018 2019 2020 2018 2019 2020 KTB Direct Sale & Telesale Others KTC Branch 9
Slide 10: Credit Card Portfolio
Credit Card Portfolio Baht Million 60,235 % GROWTH (YoY) 56,124 792 529 1.3% Stage 3 51,062 0.9% 5,825 10.9% 9.7% Stage 2 508 6.2% 6.3% 1.0% 9.2% 5.6% -1.6% 2018 2019 2020 Industry KTC 56,124 53,618 50,554 99.1% Stage 1 89.0% 99.0% PORTFOLIO QUALITY %NPL 2019 2020 Industry 1.9% 1.9% Commercial Bank
Slide 11: Personal Loan Portfolio
Personal Loan Portfolio Baht Million % GROWTH (YoY) 29,512 29,915 27,140 382 811 51.3% 2.7% Stage 3 383 1.3% 1.4% 5,245 Stage 2 17.5% 7.9% 8.3% 3.4% 8.2% 0.1% 2018 2019 2020 28,799 Industry KTC 26,757 98.7% 23,860 Stage 1 98.6% 79.8% PORTFOLIO QUALITY %NPL 2019 2020 Industry 3.0% 3.1% Commercial Ban
Slide 12: Balance Sheet Highlight
Balance Sheet Highlight INTEREST BEARING DEBTS Baht Billion 88.4 85.4 79.6 65.7 65.6 63.3 57.5 57.4 54.1 3.87 3.33 22.9 19.7 2.87 16.4 2018 2019 2020 Assets Liabilities Interest Bearing Debt Equity D/E 12
Slide 13: Income Statement
Income Statement Y2019 Y2020 Consolidated Operating Results Million Baht (% YoY) Million Baht (% YoY) Total Revenue 22,625 6.7% 22,056 (2.5%) Bad Debt Recovery 3,496 4.6% 3,119 (10.8%) Administrative Expenses 7,722 2.6% 7,260 (6.0%) Marketing Expenses 1,014 11.5% 817 (19.4%) Financial Expense 1,566
Slide 14: Key Financial Ratios
Key Financial Ratios Y2019 Y2020 Net Profit Margin 24.4% 24.2% Cost to Income Ratio 34.1% 32.9% (1) Operating Cost to Income Ratio 25.3% 25.4% Average Interest Received (including credit usage) 17.8% 17.3% Average Cost of Fund 2.8% 2.7% Net Interest Margin (including credit usage) 15.0% 14.7% D/E Ra
Slide 15: Agenda: KTC New Business
AGENDA 1 KTC Business Overview Consumer Finance Industry & KTC Portfolio 2 Performances • Credit Card Business • Personal Loan Business Section 3 KTC New Business Information as of December 31, 2020, otherwise indicated 15
Slide 16: Entering Secured Financing Business
Entering Secured Financing Business KTC to Acquire 75.05% in KTBL Complete Product Offering from KTB Post-Acquisition ◼ KTC has planned to expand Pre- Transaction Post- Transaction into auto-related loans ◼ KTC started to offer title loan Credit card Personal loan Pico Finance products to customers
Slide 17: 2021 Target
2021 Target Profit will not be lower than PROFIT previous year. SPENDING Credit card +8% maintain portfolio quality Credit card PORTFOLIO maintain at the same level Personal loan P BERM 1 Billion Baht 17
Slide 18: KTC Achievements
KTC ACHIEVEMENTS AWARDS 2020 SUSTAINABILITY • ISO 27001:2013 and ISO 27701:2019 certified INDEX 2020 • Thailand’s Top Corporate Brand in • ASEAN Asset Class Award in Finance Category by Sasin May 2020 CREDIT RATING the 2019 ASEAN CG • KTC was added in MSCI Scorecard 2019 2021 Global Standard Index •
Slide 19: Thank You
THANK YOU Disclaimer: This presentation is intended only for use by Krungthai Card Public Company Limited (KTC). No copy or use of this presentation should occur without the permission of KTC. KTC retains all intellectual property interests associated with the presentation. KTC makes no claim, promi
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